
Alan Pullinger, South African banker, sees stake in FirstRand dip below $30 million
The decline in Pullinger’s stake reflects the broader uncertainty among investors.
The decline in Pullinger’s stake reflects the broader uncertainty among investors.
The move, disclosed in a regulatory filing on Friday, Feb. 14, 2025, reflects the continued focus of Stand Bank.
This decline has shaved $609.22 million off its market capitalization, reducing it from $20.18 billion to $19.57 billion.
This marks a significant milestone for Pullinger, who holds a 0.13 percent stake, equivalent to 7,079,000 ordinary shares in FirstRand.
This aligns with plans to unlock opportunities for alternative energy infrastructure on the continent, building on past collaborations.
South African banking mogul Sim Tshabalala leads Standard Bank's Mauritius offshore expansion, providing African businesses with secure access to international financial services.
Pullinger’s newfound wealth cements his status as one of South Africa’s most affluent executives.